Friday's late risk-on flow allowed AUD/USD...>

AUSSIE: Friday's late risk-on flow allowed AUD/USD to breach the Aug 13

high/psychological $0.7300, with the pair last dealing 10 pips or so softer on

the day at ~$0.7305. The pair has failed to advance in early dealing this week,

with a continuation in strained U.S.-Turkey relations dampening risk appetite.

Initial support is now noted at Friday's low ($0.7253), with resistance in place

at the 50% retracement of the move from $0.7453 to $0.7203 ($0.7328).

- AUD traders will look to the release of the RBA's meeting minutes from its

August meeting, due Tuesday, with plenty of additional RBA-speak dotted

throughout the week (in the form of Gov. Lowe, Asst. Gov. Debelle & Boulton).

Economic releases include the AU Q2 completed construction print. Friday's

headlines from the WSJ noting that China & the U.S. are aiming for trade talks

between Xi & Trump in November will put increased focus on trade talks between

the 2 superpowers later this week, ahead of the scheduled imposition of a 25%

U.S. tariff on $16bn worth of imported Chinese goods.

- Nearby notable FX option expiries at today's 10AM NY cut: $0.7210(A$1.29bn),

$0.7220(A$1.2bn), $0.7395-0.7405(A$915mn).